Appropriations markup, hearings on CUNA radar this week

May 23, 2016

With both chambers of Congress in Washington, D.C. this week before the Memorial Day recess, CUNA will be monitoring several markups and hearings.

On Wednesday, the House Appropriations subcommittee on financial services and general government will mark up its appropriations bill. That bill generally contains funding for the NCUA’s Community Development Revolving Loan Fund and the Treasury’s Community Development Financial Institutions Fund.

“This is also a vehicle that could be used for policy riders,” said Ryan Donovan, CUNA’s chief advocacy officer. “After the markup we’ll be looking very closely at the committee report to see if they’ve given any policy directives to agencies in this process.”

CUNA will also be monitoring the Tuesday House Committee on Natural Resources markup of the Puerto Rico Oversight, Management and Economic Stability Act (H.R. 5278). There are a number of credit unions in Puerto Rico that have been affected by the crisis there.

Tuesday, 10 a.m. (ET), House Homeland Security Committee hearing, “Enhancing Preparedness and Response Capabilities to Address Cyber Threats,” an examination on how the Department of Homeland Security is assisting states in preparing for cyberattacks;

Wednesday, 2 p.m. (ET), House Ways and Means subcommittee on tax policy hearing, “Hearing on Perspectives on the Need for Tax Reform;” and

Thursday, 10 a.m. (ET), Senate Small Business Committee hearing, “Oversight of the Small Business Administration’s (SBA) 7(a) Loan Guaranty Program” with SBA Administrator Maria Contreras-Sweet as the sole witness.

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